South Africa is attracting more and more investors in renewable energy industrial sector of its economy especially in the nascent green hydrogen industry and its derivatives. Hive Hydrogen, the subsidiary of UK-based Hive Energy and ACWA a Saudi Arabian renewable energy company have recently indicated investment commitment of over $16 billion in green ammonia in […]
While governments are racing to meet energy independence and climate goals, 2022 is set to be a record-low year for investment activity in a critically important renewable energy technology: offshore wind. To date in 2022, only around 800 MW (0.8 GW) of electricity generation capacity across a handful of small projects has reached a final […]
Shell New Energies Holding Europe BV (Shell) announced it has acquired Green Tie Capital’s (GTC) platform of ten medium mature solar energy projects across Spain, with potential for two gigawatts of solar power generation capacity. Óscar Fernández, Shell Spain country chairman: “Shell’s Group strategy is to be a leading player in the energy transition, in the markets in […]
Woodside fully supports policies that aim to bring down cost of living pressures for Australian households. The Federal Government’s broader plan to intervene in the Australian gas market will not meet this objective and could make matters worse. A policy of such significance, proposed without any meaningful consultation with industry, creates an environment of uncertainty […]
The Sustainable Energy Fund for Africa (SEFA) has approved a reimbursable grant of $1 million to NewAfrica Impact Ltd to prepare two bioenergy plants in Sierra Leone and Ghana that will each output 5 megawatts of electricity and 11 megawatts of heat. The reimbursable grant will strengthen the project’s bankability by supporting technical feasibility studies and regulatory structuring. NewAfrica […]
Shell Petroleum NV, a wholly owned subsidiary of Shell plc, has reached an agreement with Davidson Kempner Capital Management LP, Pioneer Point Partners and Sampension to acquire 100% shareholding of Nature Energy Biogas A/S for nearly USD $2 billion (€ 1.9 billion). The acquisition of Danish Based Nature Energy a producer of Renewable Natural Gas […]
The French Development Agency (AFD) and the German Development Agency (KfW) are providing 600 million euros in loans and grants for the energy transition in South Africa. This funding is part of a €8.3 billion package pledged at COP26 in Scotland in 2021. South Africa is already benefiting from the Just Energy Transition Partnership (JETP). […]
The largest wind farm in Africa will soon be built in the Gulf of Suez in Egypt. The agreement for its development was signed recently between French independent power producer (IPP) Engie, Egyptian Electricity Transmission Company (EETC) and the New & Renewable Energy Authority (NREA). This was on the sidelines of the 27th United Nations Climate […]
The EBRD is increasing its equity stake in Infinity, Egypt’s leading renewable energy developer, through an additional US$ 41.5 million commitment. The EBRD is a current shareholder in the company, having invested US$ 60 million in 2020. Alongside the remaining original amount, the US$ 41.5 million will support Infinity’s plans to expand within Egypt and beyond, […]
The oil and gas industry has an effective role to play in the energy transition, highlighting that it is already working to decarbonize and achieve energy transition goals, Minister of Petroleum and Mineral Resources Tarek El Molla stated. El Molla’s statement came during the inauguration of Decarbonization Day with the US Special Presidential Envoy for Climate […]
